Ingalls & Snyder LLC lifted its holdings in shares of Visa Inc. (NYSE:V – Get Rating) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,384 shares of the credit-card processor’s stock after buying an additional 188 shares during the period. Ingalls & Snyder LLC’s holdings in Visa were worth $5,482,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of V. McClarren Financial Advisors Inc. purchased a new stake in shares of Visa during the third quarter valued at $26,000. Global Wealth Strategies & Associates bought a new position in Visa in the fourth quarter valued at about $26,000. Cowa LLC bought a new position in Visa in the third quarter valued at about $29,000. JDM Financial Group LLC bought a new position in Visa in the fourth quarter valued at about $29,000. Finally, McElhenny Sheffield Capital Management LLC bought a new position in Visa in the fourth quarter valued at about $31,000. 81.87% of the stock is owned by hedge funds and other institutional investors.
Visa Stock Performance
NYSE V opened at $234.02 on Friday. The stock has a market capitalization of $440.19 billion, a PE ratio of 32.73, a P/E/G ratio of 1.82 and a beta of 0.96. The business has a 50 day simple moving average of $223.73 and a two-hundred day simple moving average of $212.59. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.44 and a quick ratio of 1.44. Visa Inc. has a 1-year low of $174.60 and a 1-year high of $234.99.
Visa Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Friday, February 10th were issued a $0.45 dividend. This is a boost from Visa’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, February 9th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.77%. Visa’s payout ratio is 25.17%.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. BMO Capital Markets increased their target price on Visa from $249.00 to $253.00 and gave the company an “outperform” rating in a report on Friday, January 27th. Robert W. Baird increased their target price on Visa from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday, January 19th. Raymond James increased their target price on Visa from $261.00 to $281.00 and gave the company an “outperform” rating in a report on Friday, January 27th. Oppenheimer raised their price objective on Visa from $210.00 to $237.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 25th. Finally, StockNews.com raised Visa from a “hold” rating to a “buy” rating in a research note on Thursday, March 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $259.11.
Insider Transactions at Visa
In related news, General Counsel Julie B. Rottenberg sold 13,394 shares of the firm’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $219.00, for a total transaction of $2,933,286.00. Following the completion of the sale, the general counsel now directly owns 4,583 shares of the company’s stock, valued at approximately $1,003,677. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Chairman Alfred F. Kelly, Jr. sold 58,000 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $223.99, for a total transaction of $12,991,420.00. Following the completion of the sale, the chairman now directly owns 162,354 shares of the company’s stock, valued at approximately $36,365,672.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 13,394 shares of the firm’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $219.00, for a total value of $2,933,286.00. Following the sale, the general counsel now directly owns 4,583 shares of the company’s stock, valued at $1,003,677. The disclosure for this sale can be found here. In the last 90 days, insiders sold 133,115 shares of company stock worth $30,115,598. 0.22% of the stock is currently owned by company insiders.
Visa Profile
Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).
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